Lilydat's Journal

11/26/07

1. USD/JPY -30 x 3 = -90
2. EUR/USD - long, open at 1.4830, SL - 1.4770, TP - 1.4967
3. USD/JPY +31, remaining 2 lots set to breakeven @ 108.66, short

Good luck with your journal, looking forward for the comming trades..

11/26/07

1. USD/JPY -30 x 3 = -90
2. EUR/USD - long, open at 1.4830, +16, (2 lots stopped out at +1)
3. USD/JPY +31, remaining 2 lots set stopped out at +1

Total -39

Hopefully, I'll catch a trend tonight... small losses, let the winners run.

Wishing you the best with your journal!

Thanks... Wish me luck with my trading! I can screw the journal up

4. USD/CAD short @ .9893, booked +18, moved stops to breakeven
5. EUR/JPY short @ 159.48, SL - 159.79... not looking too hot at the moment

4. USD/CAD short @ .9893, booked +18, stopped at +1 on final 2 lots
5. EUR/JPY short @ 159.48, stopped out at -90

-109 for the week

6. EUR/JPY short @ 161.22, SL - 161.79, TP - 161.12, 159.90

*If you are reading this journal, you'll realize that so far I suck. Much to the contrary, I take many little losses. I set up my money management to catch long rides. These will far outweigh the losses. I may catch one tonight... I may catch one next week... but I'll catch one, and then catch another and another.

6. EUR/JPY short @ 161.22, SL - 161.79, TP - 161.12, 159.90
Outcome - 3 lots taken @ 161.12, 1 lot TP @ 160.98, set 5th lot to trailing 22 pips because I went to work out... that TP was @ 160.90, 6th lot - left at breakeven -10, and that was stopped for -10

+76

7. GBP/USD - Late night quick scalp - 4 lots x 10 = 40

+7 for the week... that doesn't make up for my commission... still waiting to catch a ride...

7. EUR/JPY long... booked 30 pips... the rest have already been stopped out at break even

+ 37 for the week... I may make one more trade in the EURO session tonight.

Well, I don't remember actually waking up to turn off my alarm (on my cell phone), but somehow, I woke up at my normal time, laying on top of it, with an imprint on my back. Too bad... my trade would have worked out, but oh well... This is exactly why I usually scalp at night. I can get a nice quick move and go back to bed without making a delirious mistakes. That said, I always have a plan made before I go to bed and never make spur of the moment decisions.

...More trades coming tonight.

8. EUR/JPY - I went long, 7 lots at 162.18. I took 4 lots at 162.28 (+40), 1 lot @ 162.50 (+32), then set the other two to breakeven. They soared, and I finally caught a free ride. Once they were above 100 pips, I set one to a trailing stop of 50 and the other to 100. I hoped I could have survived them and continued on for a few hundred pip move, but those greater trends are few and far between. Anyway, both my trailing stops were hit with the volatility this morning for +112, and +62.

+ 283 for the week... all trades closed.

As a side note, for the 2nd night in a row I didn't wake up for my EURO session trade. And for the 2nd night in the row, it would have been a good trade. OH well... I guess I'm just overexhausted. At least, I know my plans are working.

9. EUR/JPY short 162.35 (slippage from .37)... booked 32 pips (4x8), set remaining 4 lots to breakeven +1 (to cover my broker commissions)... it quickly came back to stop me out. That's ok... I had to go help a friend paint.

+36 for week of 12/2

10. EUR/JPY - booked 55 pips, using the same method I've been using, all positions closed
11. GBP/USD - booked 60 on a 6 lot scalp (6 x 10)... finally woke up to my alarm

+ 151 for the week

*The methods I have been using in the last few days are working well in the current market, however, after taking 10 pips per lot off the table, I need to get really lucky to catch an intraday trend. I'm currently demoing and visually backtesting whether I want to keep my stops on the remaining lots, or keep moving them up to breakeven.

12. EUR/JPY - short at 161.93... not looking good now, but I have faith... we'll see what happens

12. EUR/JPY : -450 (9 lots x 50)... WOW - I expect this once per month... I was hoping it would wait a little longer into my journal... oh well - press on...

13. GBP/USD : +40
14. GBP/USD : +40, 1 lot running short from 2.0350 with a 50 pip trailing stop

Week #2 Totals: -239 pips (Keep in mind that the EUR/JPY pips are not worth $1, so I'm not as bad off as is first seen. THat said, I am sticking to pips as a gauge of how my trading is progressing.)

14. GBP/USD : remaining lot was stopped out at +79
15. EUR/JPY : +32 (3 x 10), remaining two lots stopped at +1
16. GBP/USD : late night scalp, +40 (4 x 10)

*Well, hopefully I can recoup my losses by the end of the week and turn out positive. I would need to get some breathing room on a trade tonight and have non-farm reaction go my way.

-88 for the week

I decided not to trade last night, as I hadn't backtested anything with nonfarm payrolls coming out and thought it to be too risky. I would have went 1 for 2, so I'm glad I didn't.

I'm still up since the beginning of the journal. I will be out of town for half the week next week and will trade as time permits.

I never seem to keep up on the journal thing, since my time is spent studying charts. My normal trading is chugging along, so I'm gonna use this slot as my speculation-scalping record keeper.

I usually scalp for lunch money, with nice one mini-lot quick trades. I don't have a system, and its all intuition so I won't bother posting what I do. I just want to keep track for myself. In other words, if you are reading this, you will be bored by it.

...So I funded an old account yesterday and got off to a late start, only seeing two opportunities. Both for $5/each.

Feb 2nd - $10
Feb 3rd - $41.20 so far... I will be cautious the rest of the day. I only want an extra $10 per day, but there were a few opportunities.

Feb 2nd - $10
Feb 3rd - $41.20
Feb 4th - $46.60
Feb 5th - $48.85